Innisfil, ON (June 3, 2013) PROFIT Magazine today identified North Toronto Auction in its 25th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the Summer issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.

North Toronto Auction, Canada's largest independent Auction, made the PROFIT 500 list in its tenth-year anniversary. The company holds dealer auctions bi-weekly, making it the largest regional closed auction, and it also holds 24 public auctions each year.

The company was launched in 2003 with 10 staff members and now has more that 150 full-time and part-time employees. It has undergone constant growth, starting with a property of two acres and expanding through land acquisitions to now operate on a total of fifteen acres. The auction facility is centrally located in Innisfil, ON, forty-five minutes north of Toronto.

Over the years, North Toronto Auction has secured contracts with the Federal Government, the Province of Ontario, the City of Toronto, municipal governments, registered automotive dealers, and OEM’s to successfully auction both vehicles and equipment on their behalf.

“To celebrate the 25th anniversary of the Fastest-Growing Companies in Canada, the PROFIT 500 has expanded to recognize the entrepreneurial achievements of more than 500 Canadian companies,” says Ian Portsmouth, Editor-in-Chief of PROFIT magazine. “PROFIT is proud to now showcase Canada’s forward-thinking small business entrepreneurs and honour their talents and innovations.”

“We were the first auto auction to allow the public access to buy vehicles online during a live auction, and also the first auction company in Canada to embrace and initiate ‘Full Disclosure,’ thus raising the level of openness and transparency for vehicle purchases,” said Stuart Ralph, an owner-partner in the company.

North Toronto Auction has developed a vehicle and asset hybrid remarketing solution that combines the traditional auction with web-based technology and marketing for dealer-only or public auctions. Other initiatives implemented by the company include the launch of custom-built, online vehicle remarketing websites for manufacturers under the company’s AutoGavel brand.

Further, AutoGavel Exchange (AGX) has been built to assist automotive OEMs and their dealer networks to support their Certified Pre-Owned Programs and exchange inventory.

About PROFIT Magazine and PROFITguide.com

PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 31 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About North Toronto Auction

North Toronto Auctions was conceived by auction professionals who saw how the auction industry was changing in Canada. After extensive research and planning, it be came apparent to the partners that there was an opportunity to strategically locate an auction that would service a regional market in one of the fastest growing areas in Ontario.

A state-of-the art auction facility was custom-built and the doors opened in the spring of 2003.

North Toronto Auction brings solid solutions to its fleet and dealer customers by constantly developing new and innovative ways to exceed its customer’s needs. The launching of NTA’s AutoGavel program for its dealer network is just one example of its commitment to be leaders in the auction field.

NTA’s Public Auctions provide a venue to remarket government assets, recreational vehicles and equipment.

“One of the main and distinct advantages of working with North Toronto Auction is that customers are dealing with the owners, who are ‘hands on’ and involved in the day-to-day operation,” said Ralph. “We have their best interests at heart.”